Sir Royalty Income Fund SIRZF

Primary Symbol: T.SRV.UN

Consumer Cyclical Restaurants

SIR Royalty Income Fund (the Fund) holds investment in SIR Corp (SIR). The Funds' investment, SIR is engaged in the business of owning and operating full-service restaurants in Canada. SIR has concept restaurant brands, including Jack Astor’s Bar and Grill, Scaddabush Italian Kitchen & Bar, and Canyon Creek Chop House, signature restaurant brands, such as Reds Wine Tavern, Reds Midtown Tavern, Reds Square One, and The Loose Moose, which are used by SIR under a license agreement with SIR Royalty Limited Partnership (the Partnership. The Fund receives distribution income from its investment in the Partnership and interest income from the SIR Loan. The Fund indirectly participates in the revenues generated under the License and Royalty Agreement through its Investment in the Partnership.

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Sir Royalty Income Fund > Independent Trustees Comment on Janes offer

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Comment by BlueJay2020on Feb 08, 2021 9:51pm

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Post# 32508897

RE:RE:Independent Trustees Comment on Janes offer

Yes, once again I am very impressed by the Independent Trustees we have working for us. They have stuck it directly to Janes in this release, and indirectly done the same to SIr Corp. if $4.75 is not an offer they can recommend then $3.55 certainly isn't!

I agree that we need to hear from Sir Corp now - and on a number of matters.The problem is that they have a conflict of interest that prevents them incentives keeping the lid on any good news!

lostcauses wrote:
The press release also indicates that
Janes is committed to working with the Independent Trustees of the Fund to seek out every
alternative that can maximize value for all unitholders, but the Independent Trustees note that Janes has not approached them in that regard.

So they (Janes) lied in their press release.....

Also it would be most helpful to unit owners if the trustees and SIR made a statement with regards to the distributions, so that they can make an informed decision. A simple ; the distributions will start as soon as Ontario reopens will go a long way.